Advanced Micro Devices (NASDAQ:AMD) Shares Acquired Rep. Marjorie Taylor Greene

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Advanced Micro Devices, Inc. (NASDAQ:AMD). In a filing disclosed on November 04th, the Representative disclosed that they had bought between $1,001 and $15,000 in Advanced Micro Devices stock on November 1st.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Berkshire Hathaway (NYSE:BRK.B) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Digital Realty Trust (NYSE:DLR) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Apple (NASDAQ:AAPL) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Tesla (NASDAQ:TSLA) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Hershey (NYSE:HSY) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Duke Energy (NYSE:DUK) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Corning (NYSE:GLW) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Caterpillar (NYSE:CAT) on 10/21/2024.

Advanced Micro Devices Stock Up 0.7 %

NASDAQ:AMD opened at $141.66 on Wednesday. The firm has a market cap of $229.89 billion, a P/E ratio of 127.62, a P/E/G ratio of 1.96 and a beta of 1.71. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. Advanced Micro Devices, Inc. has a fifty-two week low of $110.22 and a fifty-two week high of $227.30. The firm has a 50-day simple moving average of $154.39 and a two-hundred day simple moving average of $155.64.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.92. The business had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. Advanced Micro Devices’s revenue was up 17.6% compared to the same quarter last year. During the same period last year, the business earned $0.53 EPS. Analysts predict that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AMD has been the subject of a number of research analyst reports. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research note on Monday, October 28th. Morgan Stanley reduced their price target on shares of Advanced Micro Devices from $178.00 to $169.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 30th. KeyCorp reduced their price target on shares of Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Roth Mkm reiterated a “buy” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Friday, October 11th. Finally, Susquehanna reiterated a “positive” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $192.79.

Hedge Funds Weigh In On Advanced Micro Devices

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bouvel Investment Partners LLC boosted its position in shares of Advanced Micro Devices by 38.1% during the third quarter. Bouvel Investment Partners LLC now owns 20,197 shares of the semiconductor manufacturer’s stock worth $3,314,000 after acquiring an additional 5,575 shares during the last quarter. Fortis Capital Management LLC boosted its position in shares of Advanced Micro Devices by 6.3% during the third quarter. Fortis Capital Management LLC now owns 6,180 shares of the semiconductor manufacturer’s stock worth $1,014,000 after acquiring an additional 366 shares during the last quarter. Cable Hill Partners LLC boosted its position in shares of Advanced Micro Devices by 8.4% during the third quarter. Cable Hill Partners LLC now owns 2,436 shares of the semiconductor manufacturer’s stock worth $400,000 after acquiring an additional 188 shares during the last quarter. Bell Bank boosted its position in shares of Advanced Micro Devices by 132.8% during the third quarter. Bell Bank now owns 8,671 shares of the semiconductor manufacturer’s stock worth $1,423,000 after acquiring an additional 4,947 shares during the last quarter. Finally, Firetrail Investments PTY Ltd. boosted its position in shares of Advanced Micro Devices by 25.1% during the third quarter. Firetrail Investments PTY Ltd. now owns 72,131 shares of the semiconductor manufacturer’s stock worth $11,823,000 after acquiring an additional 14,481 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia’s 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2025. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 14th Congressional District. She declared candidacy for the 2024 election. Marjorie Taylor Greene earned a bachelor’s degree in business administration from the University of Georgia. Greene’s career experience includes co-owning construction company Taylor Commercial and founding and owning a CrossFit gym.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.